SGGKY Singapore Tech Engineering Ltd (PK)

   By Max Bernhard 
 

Siemens AG (SIE.XE) said Monday it jointly received a major order for a floating power plant in the Dominican Republic, together with Singapore Technologies Engineering Ltd. (S63.SG).

The order from Seaboard Corp. (SEB) subsidiary Transcontinental Capital Corp. (Bermuda) is for a SCC-800 2x1C SeaFloat barge-mounted power plant, Siemens said.

The Estrella del Mar III project is scheduled to start operation in Santo Domingo in spring 2021, it said. Siemens said it will provide a combined-cycle power plant with a capacity of 145 megawatts, as well as a hybrid system, which combines a cycle power plant with a battery energy-storage system.

"ST Engineering will be responsible for the engineering design, procurement and construction of the floating power barge, the balance of plant and the installation of the floating power plant," Siemens said.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

December 03, 2018 04:50 ET (09:50 GMT)

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